The rupee recovered by three paise to close at 67.65 on fresh selling of dollars by banks and exporters amidst a recovery in equities.
The rupee has dropped by 83 paise or 1.24 per cent in three days
The US dollar's weakness against some currencies overseas capped the losses.
The rupee showed range-bound movement on Wednesday as investors preferred to stay cautious in the unsure market.
The rupee continued to slide against the pound sterling and finished at 102.64 as against 102.25 previously.
ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex
The domestic unit moved in a range of 64.14 and 63.99.
Forex dealers said besides the dollar's gains against the euro overseas, increased demand from importers for the US currency and a lower opening in the domestic equity market also put pressure on the rupee.
There was fresh selling of the American currency by banks and exporters
Waiting for capitulation in commodity markets is the better route to profits, says Sonali Ranade.
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Some analysts believe that markets are expected to remain unclear and would have to wait until tomorrow's US non-farm payrolls data.
Continuing its range-bound movement for the fourth session, the rupee today closed up by two paise at 59.25 ahead of industrial output and retail inflation data.
The domestic currency has gained by four paise or 0.06 per cent in two days.
The Indian rupee ended slightly lower at 64.01/02 per dollar compared with Tuesday's close of 63.98/99 per dollar due to month-end dollar demand by importers.
The rupee had slumped to its all-time closing low of 68.80 a dollar on August 28, 2013.
Bucking a strong trend in share market, the Indian rupee on Monday gave up all its initial gains and slipped 18 paise to close at 61.94 against the Greenback on rising dollar demand from importers.
The Rupee is seen recovering from its all-time lows against the dollar.
The dollar is king in an intermediate correction, says Sonali Ranade
Comparative to other Asian GDP growths, India would have the fastest economic expansion, it said
Increased month-end demand for the US currency from importers put pressure on the rupee
Wholesale prices too rose at the same pace to 45-55 per kg in the national capital and other states.
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
The rupee ended marginally higher by two paise at 62.24 against the dollar on Wednesday.
The RBI stipulated on Thursday that foreign institutional investors would require a mandate from participatory note holders to hedge on their behalf.
It has also informed the Bombay Stock Exchange that the Board of Directors of the Company at its meeting held on October 10, 2014, inter alia, has declared interim dividend of Rs 30 per equity share. The interim dividend declared in the previous year was Rs. 20 per equity share.
Forex market was shut on Tuesday on account of 'Mahavir Jayanti'.
Nifty continued to register successive new highs as it crossed the 9,200 mark on Friday
The rupee had gained by 50 paise or 0.75 per cent in two weeks.
Petrol price has been hiked by Rs 1.82 a litre, excluding taxes, with effect from midnight tonight.
However, FII outflows of Rs 545 crore (Rs 5.45 billion) capped the gains in the rupee, which had slumped by 126 paise in past two days.
The rupee resumed lower at 63.65 per dollar as against previous closing of 63.58 at the Interbank Foreign Exchange (Forex) market.
Falling for the first time in three days, the rupee today erased initial gains to end 15 paise lower at 62.43 against dollar on fag-end demand of the US currency from banks and importers, amid a tepid stock market.
The local currency had lost 119 paise in the past five sessions on rising worries over current account gap and fears that withdrawal of US stimulus will hit inflows from overseas.
The Rupee is seen strengthening against the dollar.
Falling for the second day, the rupee on Friday weakened by 12 paise against dollar to end at 62.68 weighed down by demand for the American currency from importers and data showing fiscal deficit crossed 95 per cent of the annual target during April-December.
The dollar strengthened against major world currencies.
The domestic unit had recovered to 68.65 in early trade on Friday as against Thursday's closing of 68.72.
The rupee depreciated further by 7 paise to 65.12.
There's sustained demand for the American currency from importers and banks
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